Abstract

With the development of new technologies, some concepts become relevant in the economic area, as is the case with cryptocurrencies, in general, or Bitcoin and Ethereum, in particular. Due to the impact of these tools, a detailed bibliometric study that allows us to obtain all information about cryptocurrencies must be conducted. This study will help scientific production by specifying the development and lines of related research that have been followed and are currently being followed. We have used Tableau, R (Bibliometrix R Package), and VOSviewer software to analyze the information. These have been combined to create and review unified metadata from the Web of Science (WoS) and Scopus databases. The bibliometric analysis shows 771 articles on the WoS database and 648 articles on Scopus published between 2010 and early 2019. They present the most relevant articles, research areas, countries, institutions, authors, journals, and trends during the last few years. In conclusion, the number of publications has grown in the last 3 years. The analysis shows the evolution of blockchain technology used in this type of cryptocurrency. The review of this period marks a possible end to the historical part of cryptocurrencies, thereby opening the current topic to its multiple applications.

Highlights

  • In the last decade, secondary payment methods other than legal tender have been developed to boost the market (Corrons 2017). Lietaer and Hallsmith (2006) defined one of these payment mechanisms as an agreement to use more than just legal tender as a means of exchange to link unused sources to unmet needs

  • The search is delimited by years, we focus on the starting year 2010 because of an anomalous result in Scopus in 1952 that coined the term Ethereum in an investigation by Dr H

  • This study has reviewed an 8-year international search related to cryptocurrency due to bibliometric analysis of the Web of Science (WoS) and Scopus databases

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Summary

Introduction

Secondary payment methods other than legal tender have been developed to boost the market (Corrons 2017). Lietaer and Hallsmith (2006) defined one of these payment mechanisms as an agreement to use more than just legal tender as a means of exchange to link unused sources to unmet needs. A series of complementary currencies incorporated into the economic world are mentioned These new supplementary payment methods are not listed in any global database, more than 6000 types are presumed to exist. The concept Cryptocurrencies are a form of digital exchange that ensures that transactions are made through a robust encryption process, which, in turn, controls the number of stocks (Luu et al 2016). This is a recent phenomenon gaining momentum in a volatile and fluctuating economic world (Ciaian et al 2016) and has experienced significant growth, despite not being considered an official form of debt cancellation (Dwyer 2015). They start from a totally negative configuration, they have a series of advantages: cheaper transaction costs due to the absence of intermediaries; reduction of transaction times as these are carried out via the Internet; the suppression of intermediaries as unnecessary financial agents in this series of transactions; or their globality (Kostakis and Giotitsas 2014; Koblitz and Menezes 2016)

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